Morgan Stanley hires Federal Reserve exec

Morgan Stanley Investment Management has hired a senior executive from the US Federal Reserve Bank to spearhead its coverage of central banks and sovereign wealth funds.Although he was hired out of New York, his role is based in Hong Kong, and he will report directly to Blair Pickerell, MSIMÆs Asia Pacific CEO. His role is global (ex-US, to be precise) but the decision to base him in Asia reflects in part the number and size of this segment of clientele in the region.The $560 billion …